#CryptoMarket

Recent data from DefiLlama reveals a significant drop in trading volume on Solana’s decentralized exchanges (DEX) over the past week, with a decline of more than 10%. In contrast, trading volumes on Ethereum, Base, and Sui DEXs have seen increases of 12%, 11%, and a notable 77%, respectively, during the same period. To put this…

The cryptocurrency market is experiencing one of its most challenging days in 2024. Major tokens have dramatically declined in the early hours of this Monday, leaving investors worried that this downward trend may persist throughout the week. Despite attempts by BTC to rebound, selling pressure remains strong enough to threaten the $50,000 level. Analysts are…

The cryptocurrency market faced a tumultuous day, leading to massive losses that have investors fearing the worst. This raises concerns that the bull cycle might prematurely end. While it’s unlikely to occur, it remains a persistent worry among investors. As of writing this article, Bitcoin’s price is declining significantly. Over the past week, the leading…

In a surprising move for the crypto sector, the mining firm Marathon Digital announced a $100 million injection to purchase BTC. This initiative highlights the company’s solidity and the confidence of its leadership in the future of the crypto market. The company affirms that it is resuming its total Bitcoin holding strategy. This strategy means…

Joe Biden Withdraws from Presidential Race: How Will the Crypto Market React? This Sunday, the President of the United States, Joe Biden, announced his withdrawal from the presidential race in a historic decision. While he is not the first candidate to abandon the re-election race, the circumstances surrounding his decision are unique. Analysts are eagerly…

The German government has drastically reduced its Bitcoin holdings, with the current balance standing at 5,800 BTC after selling 88.4% of its original 50,000 BTC. On July 12, the German government resumed the sale of its Bitcoin assets. This move followed the return of some previously transferred BTC to the government’s Bitcoin wallet. According to…

Despite Friday’s significant drop, Bitcoin’s price remains aligned with the behavior of previous cycles. This is a highly positive sign, providing a clear understanding of the current pullback of the leading cryptocurrency. The drop of the pioneering digital currency to February lows this Friday caused a wave of panic among investors. Similarly, the FUD (fear,…

Why Is The Crypto Market Down Today? Following a slight pullback of 0.48% on Thursday, Bitcoin experienced a significant downturn the previous evening. The price of Bitcoin dropped by 2.05% on Friday, causing a major reversal in the previously uptrending top altcoins and the entire crypto market. Ethereum’s price fell by 3.56%, while Solana dropped…

The company’s spot Bitcoin ETF has pulled in $513 million up until now, and it foresees a promising future for Ethereum as well. Global asset manager VanEck predicted on Wednesday that Ethereum’s price will soar to $22,000 by the end of the decade, describing the cryptocurrency as “digital oil” in their latest report. This would…

Data on bitcoin options’ open interest suggests a bullish outlook for the price of the world’s top cryptocurrency. Many bitcoin enthusiasts are speculating that the price of bitcoin, the largest digital currency, could surge beyond $74,000 this month, according to analysts at QCP Capital. They have been analyzing call option data to gauge the optimistic…